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Gold/Mining/Energy : Trico Marine Services (TMAR) -- Ignore unavailable to you. Want to Upgrade?

To: Krukov who wrote (756)	8/26/1998 7:56:00 AM
From: JZGalt	Read Replies (1) \| Respond to of 1153

Krokov. Can I make a suggestion? Although TMAR appears to be starting the first stages of a bottoming (high volume is good in my book), you might be better off if you could split your purchase of TMAR into 1/3rd's. Buy some now, wait, more later, wait and buy the final block when the stock starts to go up and it has tested the lows TWICE and is on it's way up. Understand? I know this will not give you the biggest bang for the buck. This stock like so many others is not going to shoot up anytime soon. If you assume that this is at least a $20 stock then leaving $1 or $2 on the table is not going to kill you. The oil patch is now loaded up with good stocks selling for really silly prices and we are all going to make a ton of money in this sector _eventually_. There is no need to make a one decision plunge. As far as the Canadian oil stock you mentioned, I have no direct knowledge. I would make darn sure it has enough cash to weather a long period of zero growth in the drilling industry however. TMAR fits that criteria in my book, but many e&p companies are going to be bought out for a song before this is over. P.S. It is not my newsletter. I just run the website. Mike is the writer and he should be back later this week.